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《Sec 6.1 MC Controls on Prices》由會員上傳分享，免費在線閱讀，更多相關(guān)內(nèi)容在學(xué)術(shù)論文-天天文庫。
1、1.?Inacompetitivemarketfreeofgovernmentregulation,?a.?priceadjustsuntilquantitydemandedisgreaterthanquantitysupplied.?b.?priceadjustsuntilquantitydemandedislessthanquantitysupplied.?c.?priceadjustsuntilquantitydemandedequalsquantitysupplied.?d.?supplyadj
2、uststomeetdemandateveryprice.ANSWER:??cDIFFICULTY:??ModerateLEARNING?OBJECTIVES:??ECON.MANK.092-Examinefirmsincompetitivemarkets.TOPICS:??SupplyanddemandEquilibriumKEYWORDS:??BLOOM'S:ComprehensionCUSTOM?ID:??001.06.1-MC-MANK082.?Inafree,competitivemarket
3、,whatistherationingmechanism??a.?sellerbias?b.?buyerbias?c.?governmentlaw?d.?priceANSWER:??dDIFFICULTY:??ModerateLEARNING?OBJECTIVES:??ECON.MANK.092-Examinefirmsincompetitivemarkets.TOPICS:??SupplyanddemandKEYWORDS:??BLOOM'S:ComprehensionCUSTOM?ID:??002.
4、06.1-MC-MANK083.?Whichofthefollowingisnotafunctionofpricesinamarketsystem??a.?Priceshavethecrucialjobofbalancingsupplyanddemand.?b.?Pricessendsignalstobuyersandsellerstohelpthemmakerationaleconomicdecisions.?c.?Pricescoordinateeconomicactivity.?d.?Prices
5、ensureanequaldistributionofgoodsandservicesamongconsumers.ANSWER:??dDIFFICULTY:??ModerateLEARNING?OBJECTIVES:??ECON.MANK.092-Examinefirmsincompetitivemarkets.TOPICS:??SupplyanddemandKEYWORDS:??BLOOM'S:ComprehensionCUSTOM?ID:??003.06.1-MC-MANK084.?Alegalm
6、aximumonthepriceatwhichagoodcanbesoldiscalledaprice?a.?floor.?b.?subsidy.?c.?support.?d.?ceiling.ANSWER:??dDIFFICULTY:??EasyLEARNING?OBJECTIVES:??ECON.MANK.060-Determineifapricecontrolisapriceceilingorapricefloor.TOPICS:??SupplyanddemandCopyrightCengageL
7、earning.PoweredbyCognero.Page?78PriceceilingsKEYWORDS:??BLOOM'S:KnowledgeCUSTOM?ID:??004.06.1-MC-MANK085.?Apriceceilingis?a.?oftenimposedonmarketsinwhich“cutthroatcompetition”wouldprevailwithoutapriceceiling.?b.?alegalmaximumonthepriceatwhichagoodcanbeso
8、ld.?c.?oftenimposedwhensellersofagoodaresuccessfulintheirattemptstoconvincethegovernmentthatthemarketoutcomeisunfairwithoutapriceceiling.?d.?Alloftheabovearecorrect.ANSWER:??bDIFFICULTY:??ModerateLEARNING?OBJECTIVES:??ECON
